A side-by-side comparison of BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT) and iShares S&P/TSX Global Base Metals (XBM) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ZMT | XBM |
|---|---|---|
| YTD Return | +11.86%✓ | +10.28% |
| 1-Day Change | -1.85%✓ | -2.63% |
| 1-Week Change | -5.26% | -4.66%✓ |
| 1-Month Change | -9.57% | -11.47%✓ |
| Current Price | $122.74 | $33.35 |
| AUM | $85M | $666M✓ |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 0.17% | 0.69%✓ |
| Distribution Frequency | Annually | Half-yearly |
| Inception Date | 2009-10-20 | 2011-04-12 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★ | ★★★★ |
| Category | Natural Resources Equity | Natural Resources Equity |
| Beta | 0.90 | 1.02 |
| 52-Week High | $153.63 | $42.17 |
| 52-Week Low | $73.60 | $19.62 |
| 50-Day MA | $134.88 | $36.86 |
| 200-Day MA | $118.10 | $32.39 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZMT | XBM |
|---|---|---|
| YTD | +11.86%✓ | +10.28% |
| 1 Year | +92.91% | +103.40%✓ |
| 3 Year | +37.50%✓ | +27.76% |
| 5 Year | +19.47%✓ | +18.56% |
| 10 Year | +17.10% | +19.83%✓ |
| 1Y Volatility | 29.13% | 26.89% |
| Sharpe Ratio (3Y) | 1.29 | 1.00 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | NDM | Northern Dynasty Minerals Ltd | 3.41% |
| 2 | KALU | Kaiser Aluminum Corporation | 3.35% |
| 3 | LXFR | Luxfer Holdings PLC | 3.33% |
| 4 | CSTM | Constellium Nv | 3.13% |
| 5 | CRS | Carpenter Technology Corporation | 3.09% |
| 6 | ATI | Allegheny Technologies Incorporated | 2.84% |
| 7 | CMP | Compass Minerals International Inc | 2.84% |
| 8 | TECK-B | Teck Resources Limited | 2.80% |
| 9 | OM | Osisko Metals Incorporated | 2.78% |
| 10 | AA | Alcoa Corp | 2.77% |
| 1 | FCX | Freeport-McMoran Copper & Gold Inc | 10.29% |
| 2 | BHP | BHP Group Limited | 10.20% |
| 3 | TECK-B | Teck Resources Limited | 10.08% |
| 4 | RIO | Rio Tinto ADR | 9.73% |
| 5 | FM | First Quantum Minerals Ltd | 7.16% |
| 6 | LUN | Lundin Mining Corporation | 6.39% |
| 7 | SCCO | Southern Copper Corporation | 5.64% |
| 8 | AA | Alcoa Corp | 5.34% |
| 9 | HBM | HudBay Minerals Inc | 4.05% |
| 10 | MP | MP Materials Corp | 2.94% |
Sector Weights
| Sector | ZMT | XBM |
|---|---|---|
| Basic Materials | 89.99% | 99.85% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 10.01% | 0.15% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About ZMT
BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About XBM
iShares S&P/TSX Global Base Metals (XBM.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both ZMT and XBM are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, XBM scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between ZMT and XBM?
ZMT (BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged)) and XBM (iShares S&P/TSX Global Base Metals) are both Canadian-listed ETFs. Key differences include their AUM ($85M vs $666M), dividend yield (0.17% vs 0.69%), and year-to-date performance (+11.86% vs +10.28%).
Is ZMT better than XBM?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ZMT has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ZMT and XBM on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZMT and XBM should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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